The number of working
age US citizens, ages 16 to 65, not participating in the Labor Force has
declined slightly from 95.955 million in January to 95.502 million in July
2018.
The Labor Force
Participation Rate increased slightly from 62.7% in January to 62.9% in June
2018.
The US household
income for May 2018 was $61,497, up from $59,039 in September 2017.
In June
2018, the civilian labor force grew by 601,000.
Total
nonfarm payroll employment increased by 213,000 in June and has grown by 2.4
million over the last 12 months.
Employment
in professional and business services increased by 50,000 in June and has risen
by 521,000 over the year.
Manufacturing
added 36,000 jobs in June. Durable goods manufacturing accounted for nearly all
of the increase, including job gains in fabricated metal products (+7,000), computer
and electronic products (+5,000), and primary metals (+3,000). Motor vehicles
and parts also added jobs over the month (+12,000), after declining by 8,000 in
May. Over the past year, manufacturing has added 285,000 jobs.
Employment
in health care rose by 25,000 in June and has increased by 309,000 over the
year.
Construction
employment continued to trend up in June (+13,000) and has increased by 282,000
over the year.
Mining
employment continued on an upward trend in June (+5,000). The industry has
added 95,000 jobs since a recent low point in October 2016, almost entirely in
support activities for mining.
In June,
retail trade lost 22,000 jobs, largely offsetting a gain in May (+25,000).
The US population in
July 2018 was 328,054,892. There are 50 million age 65 and over. 75 million or
22.6% of the population is under age 18. That leaves 203 million in the working
age group. 128 million have jobs and 95 million are not working. Part of the 95
million are “stay at home” moms or dads. Some are disabled. Some are in school.
2 million are in jail.
Norb Leahy, Dunwoody
GA Tea Party Leader
No comments:
Post a Comment